The Clifford Corporation’s 2023 income statement shows the following:a. Calculate the operating cash flow for the firm.b. Calculate the cash flow to creditors.c. Calculate the cash flow to stockholders.d. If the net fixed assets increased by $27,000 during the year, what was the change in Net Working Capital NWC?Sales $ 300,000Costs $ 173,000Other expenses $ 10,400Depreciation expense $ 29,000Interest expense $ 13,555Taxes $ 76,000Dividends $ 9,0002013 New equity $ 15,700Net new long-term debt  - $ 16,300Change in fixed assets $ 27,000

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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The Clifford Corporation’s 2023 income statement shows the following:
a. Calculate the operating cash flow for the firm.
b. Calculate the cash flow to creditors.
c. Calculate the cash flow to stockholders.
d. If the net fixed assets increased by $27,000 during the year, 
what was the change in Net Working Capital NWC?

Sales $ 300,000
Costs $ 173,000
Other expenses $ 10,400
Depreciation expense $ 29,000
Interest expense $ 13,555
Taxes $ 76,000
Dividends $ 9,000
2013 New equity $ 15,700
Net new long-term debt  - $ 16,300
Change in fixed assets $ 27,000

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